Economy, asked by Mirin324, 1 year ago

The rate at which the general level of prices for goods and services keep on rising, and leads to subsequent fall in purchasing power of the currency, is often referred to as inflation. So, when inflation rises, every rupee spent by us would buy a smaller quantity of goods and/or services. Central banks i.E. Reserve bank in case of india, therefore attempts to stop severity of inflation

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Answered by raj4426
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